Progressive Q1 Earnings Up 43%
Provided by
Dow Jones
By Bob Henderson
Progressive Corp. on Thursday reported a 43% increase in first-quarter earnings over the same period last year.
The Mayfield Village, Ohio-based insurance company reported earnings of $447.9 million, or 75 cents a share, for the three-month period ending March 31, compared with $313.9 million, or 52 cents a share, in the same quarter a year ago.
Net premiums written rose 23% to $16.11 billion, while net premiums earned climbed 15% to $13.53 billion.
Write to Bob Henderson at bob.henderson@wsj.com
(END) Dow Jones Newswires
April 13, 2023 08:55 ET (12:55 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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